Another key argument for stocks to keep soaring under Trump has been turned on its head
Wall Street was eyeing a dealmaking boom in the Trump era, but an announcement from the administration this week's clouds those views.
Jefferson Says Fed Can Take Its Time With Labor Market Solid
(Bloomberg) -- Federal Reserve Vice Chair Philip Jefferson said a strong economy allows policymakers to take their time before considering any additional cuts to interest rates.Most Read from BloombergTrump to Halt NY Congestion Pricing by Terminating ApprovalSorry, Kids: Disney’s New York Headquarters Is for Grown-UpsAirbnb Billionaire Offers Pre-Fab Homes for LA Fire VictimsChild Migrant Watchdog Gutted in DOGE CutsChicago Council Delays $830 Million Bond Vote Amid ScrutinyHe also said healthy
Activist Boom in Japan Is Upending Long-Short Stock Strategies
(Bloomberg) -- Takeover bids and activist intervention are shoring up shares of some Japanese companies seen as having weak fundamentals, making it harder for investors to succeed in short-selling strategies.Most Read from BloombergTrump to Halt NY Congestion Pricing by Terminating ApprovalSorry, Kids: Disney’s New York Headquarters Is for Grown-UpsAirbnb Billionaire Offers Pre-Fab Homes for LA Fire VictimsChild Migrant Watchdog Gutted in DOGE CutsChicago Council Delays $830 Million Bond Vote Am
Stock market today: S&P 500 pops to another record while Dow, Nasdaq rise with tariffs, Fed minutes in focus
Investors are weighing Trump's latest tariff salvo and digesting Fed minutes for insight into future policy.
Fed's Jefferson says Fed can take time on next interest rate decision
Federal Reserve Vice Chairman Philip Jefferson said on Wednesday the U.S. central bank has time to weigh its next monetary policy move, citing a robust economy and still above target inflation. “The performance of the U.S. economy has been quite strong overall,” Jefferson said in the text of a speech to be delivered at a gathering at Vassar College. Jefferson said “bumpy” progress back to the target was likely following a percentage point’s worth of rate cuts last year.
Rogers (NYSE:ROG) Posts Q4 Sales In Line With Estimates But Stock Drops
Advanced materials manufacturer Rogers (NYSE:ROG) met Wall Street’s revenue expectations in Q4 CY2024, but sales fell by 6.1% year on year to $192.2 million. On the other hand, next quarter’s revenue guidance of $187.5 million was less impressive, coming in 6.3% below analysts’ estimates. Its non-GAAP profit of $0.46 per share was 5.7% above analysts’ consensus estimates.
ACV Auctions (NASDAQ:ACVA) Beats Q4 Sales Targets But Stock Drops
Online used car auction platform ACV Auctions (NASDAQ:ACVA) beat Wall Street’s revenue expectations in Q4 CY2024, with sales up 34.8% year on year to $159.5 million. On the other hand, next quarter’s revenue guidance of $182.5 million was less impressive, coming in 2.9% below analysts’ estimates. Its GAAP loss of $0.16 per share was 11.1% below analysts’ consensus estimates.
Fed Is In No Hurry To Cut Rates, Meeting Minutes Confirm
Behind the scenes, Federal Reserve officials have been saying the same thing they've said in public: that the Federal Reserve is in no hurry to cut borrowing costs.
Nordson (NASDAQ:NDSN) Reports Sales Below Analyst Estimates In Q4 Earnings
Manufacturing company Nordson (NASDAQ:NDSN) fell short of the market’s revenue expectations in Q4 CY2024, with sales falling 2.8% year on year to $615.4 million. Next quarter’s revenue guidance of $670 million underwhelmed, coming in 2.5% below analysts’ estimates. Its non-GAAP profit of $2.06 per share was 0.9% below analysts’ consensus estimates.
Palantir stock drops 10% after report Trump administration eyes large defense budget cuts
Palantir stock fell more than 10% Wednesday following a report the Trump administration is planning deep cuts to the defense budget.
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